Pinterest Raises $1 Billion via Convertible Notes Financing

An update from Pinterest ( (PINS) ) is now available.

On March 3, 2026, Pinterest, Inc. entered into an investment agreement with Elliott Associates, L.P. and Elliott International, L.P. for the sale of $1 billion of 1.75% Convertible Senior Notes due 2031, and the transaction closed on March 5, 2026 with issuance of the notes to Elliott. The notes, issued under an indenture with U.S. Bank Trust Company, carry a 1.75% semi-annual coupon, mature on March 1, 2031, are convertible into Class A common stock at an initial price of about $22.72 per share under specified stock-price and timing conditions, and include customary redemption, repurchase-on-change-of-control and default provisions, providing Pinterest with significant financing while giving Elliott structured upside exposure.

Pinterest may redeem the notes for cash on or after March 5, 2029 if its Class A shares trade at least 130% of the then-effective conversion price for a defined period, subject to a minimum outstanding principal threshold. Holders have the right to require repurchase at par plus accrued interest upon certain fundamental changes, and the issuance relied on a private placement exemption under U.S. securities laws, signaling a sizable capital raise structured to balance Pinterest’s funding needs with investor protections and potential equity dilution over time.

The most recent analyst rating on (PINS) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Pinterest stock, see the PINS Stock Forecast page.

Spark’s Take on PINS Stock

According to Spark, TipRanks’ AI Analyst, PINS is a Neutral.

The score is driven primarily by strong fundamentals—low leverage, high gross margins, and robust free cash flow—supported by constructive guidance and product momentum from the latest earnings call. Offsetting these strengths, technicals are weak with the stock in a clear downtrend, and valuation remains growth-priced without a dividend, while near-term monetization and GTM execution risks remain elevated.

To see Spark’s full report on PINS stock, click here.

More about Pinterest

Pinterest, Inc. operates a visual discovery and social media platform that allows users to find, save and organize ideas ranging from consumer products to lifestyle inspiration. The company generates revenue primarily through digital advertising solutions aimed at brands and marketers seeking to reach engaged, intent-driven audiences across its image-centric network.

Average Trading Volume: 18,993,827

Technical Sentiment Signal: Sell

Current Market Cap: $12.7B

For a thorough assessment of PINS stock, go to TipRanks’ Stock Analysis page.